Could You advise on the following.

Preparing Balance Sheets, Computing Income, and Applying the Current and Quick Ratios Balance sheet information for Lang Services at the end of 2018 and 2017 is: December 31, December 31, 2018 2017 Accounts Receivable $22,800 $17,500 Notes Payable 1,800 1,600 Cash 10,000 8,000 Equipment 32,000 27,000 Supplies 4,700 4,200 Accounts Payable 25,000 25,000 Stockholders' Equity ? a. Prepare its balance sheet for December 31 of each year. LANG SERVICES BALANCE SHEETS December 31 2018 2017 Assets Cash 10,000 ~ $ 8,000 Accounts Receivable 22,800 17,500 Supplies 4,700 4,200 Equipment V 32,000 27,000 Total Assets $ 69,500 ~ $ 56,700 Liabilities Accounts Payable 25,000 ~ $ 25,000 Notes Payable 1,800 1,600 Total Liabilities 26,800 26,600 Stockholders' Equity Stockholders' Equity 42,700 30,100 Total Liabilities and Stockholders' Equity |$ 69,500 ~ $ 56,700c. Calculate the current ratio and quick ratio for 2018. (Round your answers to one decimal place.) Current Ratio: 1.5 V Quick Ratio: 0 X